Asia Market Open: Bitcoin Holds $88K as Regional Markets Dip In Thin Year-End Trade
Yahoo Finance·2025-12-31 02:15

Bitcoin hovered near 88,000onWednesdayastradersmadeanotherlatepushtotidyupyearendperformanceinamarketthathasstruggledtofindconvictionafterOctobersleverageshock.ThatwobbletracesbacktoOct.10,whenacascadeofforcedliquidationsclearedmorethan88,000 on Wednesday as traders made another late push to tidy up year-end performance in a market that has struggled to find conviction after October’s leverage shock. That wobble traces back to Oct. 10, when a cascade of forced liquidations cleared more than 19B of leveraged crypto positions in roughly a day, leaving spot markets cautious and derivatives traders quicker to de-risk. Since then, attention has shifted to the marginal buyer, and the flow picture has turned less suppo ...